The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-25

l.
NEW YORK, March 24-In regard to the inter
statecommerce bill, the Herald this morning
publishes the following: The main questions
on the street are: ''Will the operation Of the
bill affect busness?" "Will the products of any
sections of the country be barred out of any
other sections7' Twill the bill result in great
railway consultations" Several interviews on
the queries followed.
"What will the interstate commerce bill dor
was asked of Railway Commissioner Fink.
Among other things. it will ruin great
many railways, many branches Of industry, and
many manufacturers who have thrved on com
peting rates"
''Tne bill is not beneficial. thenF
sit would be if properly constructed. Some
sections of it are admirable. but the greater por
ton of the bill is such as you might expect from
men ignorant of what they were doing. They
are mpracticable, impossible, deplorable Sec
tons"
"What do you thirk Of the claim now made
that the bill originated and engineered by
the railroads, which gave it just enough opposi-
ton to prevent its defeat7"
Railway men wanted such BILL but not in
the present form"
What is your opinion of its effect on bust
| ness"
THAT it will either drive the producers of the
far West to the wall, or to slow export by the
| lakes I think the through lines will thrive on
| it, as they can make rates to the detriment of
their local traffic without material injury to
themselves. if not to the ruination OF shorter
| competitors"
| "Will it benefit the express companies9"
Certainly. If it is true that they are not af-
| fected by it."
\ ~ II
| great systems of railways will consolidate, and
make such tariffs as will crush all lesser lines.
| 1t is said that the Pennsylvania and st. Paul
systems. practically in alliance now will consol-
ldate, and these will consolidate with the North
ern Pacific, giving them a continental line. 1t
| is rumored that the Vanderbilt system will also
| be put under one management 1t is now known
| that the Baltimore & Ohio deal is the first out.
come of the interstate bill, and that the near
future will see vast systems consolidated.
| The general opinion which the various express
companies have arrived at is that they not
| subject to the in.erstate-commerce bill, because
| they are not common carriers, but forwarders.
| Ex-senator Platt president of the United States
| Express Company, says: "We are evidently moi
affected by the bill, and expect to do the future
carrying OF live stock and grain at rates lower
| than the freight lines can handle it"
Mr.. John Hoey Of the Adams Express Com
pany, said; "We are agnostics on the subject
that is, we don't know. We have decided thai
the express companies are exempt and can go on
know what the bill is about We don't know any
one who knows; we never expect to know. anG
we don't believe anyone ever will know. We
are waiting the spectacle of the future meeting
of a commission of men who know nothing
about railroad business, and will look forward
to their resolving on the subject with pleasan
smile"
United States Senator Vest of Missouri. wa
seen at the Fifth-avenue Hotel What is you
opinion of the interstate-commerce billP he wa
asked.
II decline to be interviewed on that thing
he said in disgust; Congress felt that it mus
do something on the subject, and the bill wa
} rushed through without the knowledge of wha
it all meant"
It is understood that the various exchange.
and shippers of New York are preparing for
general war against the execution of the bill
and loud protests are being made.
Vice-presdent Frank Thompson, of the Penn
sylvaEia road, in interview this Afternoon
expressed qualification over the railroad con
! mission appointed under the interstate com
merce act, and said he thought the member
have such experience that they will consider tn
best interests of the country in the interprets
ton of the law. The Pennsylvania Railroa
Company gives notice that, and after April
an advance of 20 per cent. will be made in til
rates for quarterly communication tickets.
q Freight Rates Between Chicago and Pittsbur
P1TTsBURG, Pa. March 24-The freight rate
on roads from Pittsburg west have been unds
, | revision for several weeks nv the local apant